Cost of Living in Verona, WI

Population 14,499 · Wisconsin · Data vintage 2023

120
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Verona is a smaller Wisconsin community of around 14000 residents, where median household incomes of $119,148 and housing costs ($383,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.

Verona sits roughly 9 miles southwest of Madison — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 10% higher than Madison's $347,000.

Cost Overview

Housing 126
Rent 111

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Verona

The median home value in Verona is $382,800 — 26% above the national median of $305,000. Median rent runs $1,462/month, 11% higher than the national median of $1,314/month. The median household income of $119,148/year is 60% higher than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. The climate averages highs of 56.5°F and lows of 37.6°F, with about 51.8" of annual snowfall. Overall, Verona has a cost of living index of 120 versus the US average of 100, meaning it is 20% more expensive.

🏠 Housing

Median Home Value
$382,800
26% above avg
Zillow Home Value
$578,822
Zillow ZHVI
Median Rent
$1,462/mo
11% above avg
Zillow Rent
$2,040/mo
Zillow ZORI
Price-to-Rent Ratio
21.8x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$712
1 BR
$781
2 BR
$997
3 BR
$1,290
4 BR
$1,448
Owner-occupied 70.3%
Renter-occupied 29.7%

💰 Estimated Monthly Budget

Rent median rent
$1,462
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,076/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.2 min
25% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.3%

Commute Mode

Drove alone
72.6%
Carpooled
4.1%
Walked
1.1%
Bicycle
0.9%
Work from home
20.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.7%
Total Sales Tax 5.4%
State rate 5.0%
Avg local rate 0.4%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$119,148
60% above avg
Per Capita Income
$54,861
Unemployment Rate
2.0%
59% below avg
Poverty Rate
1.9%
Labor Force Participation
73.9%

🎓 Education

Bachelor's degree+ 40.8%
Graduate degree 22.4%

👥 Demographics

Median Age 38.3
Male median age 37.5
Female median age 39.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.5°F
Avg Low
37.6°F
Annual Precip
37.1"
Annual Snowfall
51.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 273144576979828073604532
Low °F 121525364757626051402918
Precip" 1.471.522.263.784.105.284.514.163.432.772.221.63
Snow" 13.712.87.02.60.10.00.00.00.00.63.012.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
50.4%
Good air days/yr
268
Max AQI recorded
260
PM2.5 days
105
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

94%
4-Year Graduation Rate
14.3:1
Student-teacher ratio
13
Public schools
5,741
Total enrollment

Frequently Asked Questions

What is the cost of living in Verona, WI?

Verona has a cost index of 120 (100 = national average). It is 20% above the national average.

What is average rent in Verona, WI?

The median gross rent in Verona is $1,462 per month based on 2023 Census data.

What is the average home price in Verona?

The median home value in Verona is $382,800 according to Zillow and Census data.

What is the median income in Verona?

The median household income in Verona is $119,148 per year (2023 ACS 5-year estimates).

What is the sales tax in Verona, WI?

The combined state and local sales tax rate in Verona is 5.4%. The Wisconsin state income tax top rate is 7.7%.

Is Verona, WI affordable?

Verona is above average in cost of living, with an index of 120 — about 20% higher than the national average.

What is the weather like in Verona?

Verona has average high temperatures of 56.5°F and average lows of 37.6°F. Annual precipitation is 37.1". Average annual snowfall is 51.8". Data from NOAA 1991–2020 Climate Normals.

Verona at a Glance

Population
14,499
Median Income
$119,148
Home Value
$382,800
Median Rent
$1,462/mo
Unemployment
2.0%
Avg High Temp
56.5°F
Sales Tax
5.4%
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